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7 Best Health Insurance Policies with No Claim Bonus aka Cumulative Bonus

Published On Apr 15, 2019 5:30 AM By Prashant Srivastava

Almost every insurance company in India is offering ‘No Claim Bonus’ (NCB) aka ‘Cumulative Bonus’ with health insurance plans. The NCB option increases the sum assured each year if you don’t’ make a claim. Under this feature, insurers allow policyholders to increase the cover by up to 150%.

Let’s understand what the No Claim Bonus is then we will discuss the best health insurance policies that offer the NCB benefits to policy buyers. 
No Claim Bonus

No claim bonus or NCB is a bonus amount which gets accumulated to the sum insured amount for every claim-free year. It is a kind of reward offered by insurance companies to policyholders for not making any claim during a particular policy period. 

So, along with the policy premium, inclusions, exclusions, network hospitals, claim settlement ratios, you should also consider the ‘No Claim Bonus’ when buying health insurance

Here are the best health insurance policies with NCB feature you can consider for yourself for the protection of your family.

1. Apollo Munich Easy Health

With several offerings and benefits, Apollo Munich Easy Health is considered one of the best among other insurance products. Choose this plan to secure your health. 

No Claim Bonus: The No Claim Bonus under this plan is a 10% increase in the Sun Insured, subject to a maximum of 100% if you don’t claim in any policy year. 

The Easy Health policy also offers many other benefits and coverage, including in-patient treatment, pre and post hospitalisation, day-care medical expenses, domiciliary treatment, and much more. 

2. Religare Joy Plan

Religare Joy Health Insurance Plan is a unique policy. It covers costs incurred during hospitalization due to pregnancy. It also addresses maternity and health needs. 

No Claim Bonanza: Religare Joy offers an optional No Claim Bonanza feature, which allows the policyholder to earn a bonus of 100% of his/her sum insured in case they don’t claim during the policy tenure of 3 years. 

Key features of Religare Joy plan include a newborn baby cover, blend of maternity and hospitalisation cover, a 100% increase in sum insured with no claim bonanza, industry’s lowest ‘waiting period’ of only 9 months for maternity-related claims.

3. ManipalCigna ProHealth Insurance

ManipalCigna ProHealth Insurance is a plan, designed to provide full protection against any medical emergencies or illness. It’s a single policy for you and your family, which ensures a healthy lifestyle. 

No Claim Bonus: In the ProHealth Insurance plan, ManipalCigna offers guaranteed no-claim bonus equal to 5% or 10% (depending on the variant) of the basic sum insured. This bonus is up to a maximum of 200%. You cannot avail this benefit in the Premium variant.

Other benefits under the ProHealth plan includes coverage for in-patient hospitalisation, pre-hospitalisation up to 60 days, post-hospitalisation up to 90-180 days depending on the variant you have chosen, day-care treatment, donor expenses, worldwide emergency, Ayush, maternity expenses, newborn baby expenses, daily cash benefits and much more. 

4. Bajaj Allianz Health Guard Plan

Health Guard Policy from Bajaj Allianz provides you with a comprehensive range of benefits, ensuring you are covered for the larger expenses related to Illness/surgery. It suits all your healthcare needs, taking care of the medical expenses incurred during hospitalisation due to severe accident or illness. You can buy this insurance policy on an individual or the family floater basis. 

No Claim Bonus: Under the Health Guard policy, Bajaj Allianz offers 10% for each claim-free year. The maximum bonus is up to 50% of the sum insured. 

The sum insured options available under the Health Guard plan start from Rs. 1.5 lakh up to Rs. 50 lakh. The policy covers pre and post hospitalisation (60 & 90 days respectively), ambulance charges (a limit of Rs. 20,000 in a policy year), all day-care treatment. The plan also covers parents, parents-in-law,  grandchildren, grandparents, and dependent siblings under the family floater variant of this plan.

5. HDFC ERGO Health Suraksha Policy

HDFC ERGO Health Suraksha is an umbrella plan, designed to safeguard you and your loved ones against medical expenses. This policy offers maximum coverage for the best possible treatment. It is the perfect choice for individuals as well as families. 

No Claim Bonus: The Health Suraksha Policy increases the sum insured by 5% on every claim-free year, which can be increased by a maximum of up to 50% on the consecutive claim-claim year.

This plan comes with different sum insured options, starting from 3 lakh. A 60-degree insurance plan, the Health Suraksha policy provides you with plenty of benefits, including no entry age restriction, free look cancellation, long-term discounts, lifetime renewability, integrated wellness services. It covers in-patient treatment, pre, and post-hospitalisation – 60 to 90 days respectively, Ayush cover, organ harvesting, and many other optional benefits.

6. Max Bupa Health Companion 

Max Bupa Health Companion is an affordable as well as comprehensive health insurance plan for both individuals and the nuclear family. An all-around health insurance plan, Health Companion provides coverage for your spouse, and up to 4 children. The direct claim settlement facility and the cashless facility are some of its key benefits.

No Claim Bonus: Like other insurance products, Health Companion by Max Bupa also comes with the NCB benefit. Under this policy, the insurer increases the Sum Insured by 20% of the basic Sum Insured subject to a maximum of 100% for each claim-free year. 

The Max Bupa Health Companion offers many additional benefits, such as an international cashless facility, direct and faster claim settlement, inpatient treatment, pre and post hospitalisation - 30 days and 60 days respectively, refill benefit if you exhaust the Base Sum Insured and NCB partially or completely, alternative treatment under Ayush, emergency ambulance, organ transplant, domiciliary treatment, etc. 

7. Aditya Birla Active Health Enhanced 

The Activ Health Enhanced plan by Aditya Birla Health Insurance Co. Ltd. is a premium variant of the Activ Health plan. This plan has been designed to protect your health while offering rewards all at once. It provides coverage of up to Rs. 2 crores. 

No Claim Bonus: Under the Activ Health Enhanced plan, you can avail 20 % of the Basic Sum Insured on every claim-free year, which can be up to a maximum of 100% for each unclaimed year in case opted for.

The Activ Health Enhanced plan also covers pre and post-hospitalisation expenses for 60 days and 180 days, day-care treatment, transportation charges, expenses incurred in organ transplantation, unpredicted illnesses listed in the policy document, domiciliary treatment, 100% reload of the sum insured in case of unrelated diseases and accidents within the same policy year, and much more. 

These are the 7 best health insurance policies that offer no claim bonus aka cumulative bonus. For detailed information about them, give a call to our toll-free number. At Insurancedekho, we’re available 24/7 to serve you.

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